Report Update Nov 1, 2024

U.S. - Frozen Cuttlefishes - Market Analysis, Forecast, Size, Trends and Insights

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U.S.: Frozen Cuttlefishes Market 2024

Frozen Cuttlefishes Market Size in the U.S.

In 2021, the U.S. frozen cuttlefishes market increased by 26% to $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption saw a strong expansion. Frozen cuttlefishes consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Frozen Cuttlefishes Exports

Exports from the U.S.

In 2021, overseas shipments of frozen cuttlefishes were finally on the rise to reach X tons for the first time since 2014, thus ending a six-year declining trend. Over the period under review, exports, however, saw a dramatic contraction. Over the period under review, the exports attained the maximum at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, frozen cuttlefishes exports soared to $X in 2021. Overall, exports, however, recorded a precipitous shrinkage. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

China (X tons), Mexico (X tons) and Iceland (X tons) were the main destinations of frozen cuttlefishes exports from the United States, with a combined 72% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Iceland (with a CAGR of +8.6%), while the other leaders experienced a decline.

In value terms, China ($X), Mexico ($X) and Iceland ($X) appeared to be the largest markets for frozen cuttlefishes exported from the United States worldwide, with a combined 69% share of total exports.

Among the main countries of destination, Iceland, with a CAGR of +22.1%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average frozen cuttlefishes export price amounted to $X per ton, increasing by 5.3% against the previous year. In general, the export price enjoyed strong growth. The pace of growth was the most pronounced in 2016 when the average export price increased by 56% against the previous year. Over the period under review, the average export prices hit record highs in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Canada ($X per ton), while the average price for exports to Japan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+17.1%), while the prices for the other major destinations experienced more modest paces of growth.

Frozen Cuttlefishes Imports

Imports into the U.S.

In 2021, purchases abroad of frozen cuttlefishes was finally on the rise to reach X tons after four years of decline. Overall, imports, however, showed a deep slump. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, frozen cuttlefishes imports skyrocketed to $X in 2021. Over the period under review, imports, however, continue to indicate a abrupt setback. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

China (X tons), Taiwan (Chinese) (X tons) and India (X tons) were the main suppliers of frozen cuttlefishes imports to the United States, together comprising 50% of total imports. These countries were followed by Peru, Argentina, New Zealand, Thailand and South Korea, which together accounted for a further 37%.

From 2012 to 2021, the biggest increases were recorded for New Zealand (with a CAGR of +5.3%), while purchases for the other leaders experienced a decline.

In value terms, the largest frozen cuttlefishes suppliers to the United States were China ($X), India ($X) and Taiwan (Chinese) ($X), together accounting for 44% of total imports. Peru, New Zealand, Thailand, Argentina and South Korea lagged somewhat behind, together comprising a further 37%.

New Zealand, with a CAGR of +5.8%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2021, the average frozen cuttlefishes import price amounted to $X per ton, with a decrease of -6.3% against the previous year. Over the last nine years, it increased at an average annual rate of +1.3%. The pace of growth appeared the most rapid in 2016 an increase of 22%. The import price peaked at $X per ton in 2020, and then shrank in the following year.

Prices varied noticeably country of origin: the country with the highest price was South Korea ($X per ton), while the price for Argentina ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+11.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for frozen cuttlefishes in the world?

The countries with the highest volumes of frozen cuttlefishes consumption in 2020 were Peru, Indonesia and India, with a combined 59% share of global consumption. Spain, Democratic People's Republic of Korea, New Zealand and Thailand lagged somewhat behind, together comprising a further 25%.

What are the largest producers of frozen cuttlefishes in the world?

The countries with the highest volumes of frozen cuttlefishes production in 2020 were Peru, Indonesia and India, together accounting for 63% of global production.

What are the leading suppliers of frozen cuttlefishes to the U.S.?

In value terms, the largest frozen cuttlefishes suppliers to the United States were China, India and Thailand, together comprising 55% of total imports. These countries were followed by New Zealand, Taiwan Chinese), Peru and Argentina, which together accounted for a further 24%.

What are the leading importers of frozen cuttlefishes from the U.S.?

In value terms, Mexico, Iceland and the Netherlands appeared to be the largest markets for frozen cuttlefishes exported from the United States worldwide, together comprising 75% of total exports.

What is the average export price for frozen cuttlefishes in the U.S.?

The average frozen cuttlefishes export price stood at $3,252 per ton in 2020, with an increase of 15% against the previous year.

What is the average import price for frozen cuttlefishes in the U.S.?

The average frozen cuttlefishes import price stood at $5,495 per ton in 2020, increasing by 6.6% against the previous year.

This report provides an in-depth analysis of the frozen cuttlefishes market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Country coverage:

United States

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the U.S.
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023